Also known as the base rate or in-place rent, contract rent is the rental rate stated in a lease agreement. In comparison to the average rate over the term of the lease, the contract rate is often based on the first year.
Contract Rent
Also known as the base rate or in-place rent, contract rent is the rental rate stated in a lease agreement. In comparison to the average rate over the term of the lease, the contract rate is often based on the first year.
